Zak Mir Video Blog On Bulletin Board Heroes: Amur Minerals, Hurricane Energy, Savannah Resources and Westminster Group

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Spreadbet Magazine editor Zak Mir takes a look at the technical position of some of the bulletin board stocks of the moment amongst private investors.

Here are the key points from today’s video:

Amur Minerals (AMC)

The shares have gapped back to the upside from within a rising March price channel.

While there is no end of day close back below the 200 day moving average at 4.01p one would expect an intermediate revival.

The favoured upside over the next 2-4 weeks is back towards the 2014 resistance line as high as 8p plus.

Hurricane Energy (HUR)

An extended decline from the end of September has taken the stock back towards the main 2014 support zone towards 20p.

The latest price action November, shows a narrow bear trap move from below former April support.

While there is no end of day close back below the main 20p floor the upside here could be back towards the 50 day moving average at 32p over the next 1-2 months.

Savannah Resources (SAV)

An extended triangle formation with resistance near the 200 day moving average at 5.6p dominates the Savannah Resources.

The best way forward now is probably to look to buy into any weakness towards the 50 day moving average at 5.10p.

Only below the 50 day line level on an end of day close basis delays the prospect of a clean breakout through the 2014 triangle and back to the 10p plus early 2014 peak.

Westminster Group (WSG)

The overall 2014 chart formation which dominates the stock chart here is a broadening triangle with its support line pointing just below 30p.

The bull argument suggests that the upside here could be towards the 2 month resistance zone in the 30p area.

Above the 2014 triangle floor one would assume a lasting base has been established for Westminster Group.

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